How to identify fake Gold and Silver coins?
The major worry for all the investors is the purity of the metal they are buying, if they are real or counterfeits. This worry gets multiplied for the first-time buyers who are adopting the new online shopping methods. Luckily, it is not easy to make fake gold and silver coins, whereas determining the authenticity of gold or silver coin is a simple low budget.
Given above are some of the simple tests to
identify fake gold and silver coins:
Khanna gems of the best gemstone manufacturer in banglore will
let you know about how to identify fake gold and silver coins.
SIZE AND WEIGHT
Fake coins will be too thick or too large in diameter. You
can compare the thickness and diameter of the coins for knowing the genuineness
of the coins.
RUST AND FLOAT TEST
Put your gold or silver coin in the water. Fake gold or
silver coins will float in water. On the other hand, real gold is heavy and it
will sink. Fake gold or silver coins may rust as well.
SKIN TEST
If you are experiencing discoloration on your skin while
touching gold or silver coins, then they are not real gold.
ACID TEST
There are some acids available in the market that can change
the color of gold or silver coins, sometimes this discoloration could be
permanent.
MAGNET TEST
Silver and Gold coins are non-magnetic, therefore a simple
magnetic test might catch a fake gold or silver coin.
“PING” OR SOUND TEST
Silver and gold coins sound duller when struck in comparison
with a base metal coin. Some iPhone and Android apps are available in the
google play store, which listens to the sound utilizing a microphone and
identifies providing an accurate result if your gold or silver coin is genuine
or fake.
You can perform these tests for identifying the authenticity
of your gold or silver coins and can save yourself from the frauds.